"KHYB Holdings","As of 2025-10-23","Holdings Are Subject To Change"
Rank,"Company Name","% of Net Assets",Ticker,Identifier,"Shares Held","Market Value($)"
1,"SOFTBK 8 1/4 10/29/65",2.80,,XS3203997427,"690,000","687,413"
2,"STANDARD CHARTERED PLC 4.3 PERP",2.31,,USG84228EV68,"600,000","566,464"
3,"NOMURA HOLDINGS INC 7 PERP",2.10,,US65535HCC16,"500,000","516,930"
4,"MONG DUONG FINANCE HOLDINGS BV 5 1/8 05/07/29",2.04,,USN6000DAA11,"508,200","502,489"
5,Cash,2.04,,–,"502,150","502,150"
6,"PINGAN REAL ESTATE CAPITAL LTD MTN 3.45 07/29/26",1.99,,XS2368566829,"500,000","490,219"
7,"PIRAMAL CAPITAL & HOUSING FINANCE LTD MTN 7.8 01/29/28",1.87,,XS2863565326,"450,000","459,638"
8,"WYNN MACAU LTD 5 5/8 08/26/28",1.83,,USG98149AH33,"450,000","448,916"
9,"HEALTH & HAPPINESS H&H INTERNATIONAL HOLDINGS LTD 9 1/8 07/24/28",1.72,,XS2971969287,"400,000","422,973"
10,"MELCO RESORTS FINANCE LTD 7 5/8 04/17/32",1.71,,USG5975LAK29,"400,000","419,217"
11,"VEDANTA RESOURCES FINANCE II PLC 10 7/8 09/17/29",1.70,,USG9T27HAG93,"400,000","417,177"
12,"IRB INFRASTRUCTURE DEVELOPERS LTD 7.11 03/11/32",1.69,,XS2775699577,"400,000","415,041"
13,"GC TREASURY CENTER CO LTD 7 1/8 PERP",1.67,,USY3004DAE41,"400,000","411,561"
14,"PETRON CORP 7.35 PERP",1.67,,XS3178401793,"400,000","411,262"
15,"IIFL FINANCE LTD 8 3/4 07/24/28",1.67,,USY3R78RET83,"400,000","409,700"
16,"MANAPPURAM FINANCE LTD MTN 7 3/8 05/12/28",1.66,,XS2821647364,"400,000","408,423"
17,"MUTHOOT FINANCE LTD 6 3/8 04/23/29",1.64,,US62828M2D24,"400,000","404,065"
18,"FWD LTD 6.675 PERP",1.63,,XS1748857379,"400,000","400,200"
19,"MELCO RESORTS FINANCE LTD 5 5/8 07/17/27",1.63,,USG5975LAD85,"400,000","400,044"
20,"CA MAGNUM HOLDINGS 5 3/8 10/31/26",1.62,,USV1541CAA19,"400,000","397,950"
21,"PAKISTAN GOVERNMENT INTERNATIONAL BOND MTN 6 04/08/26",1.62,,XS2322319398,"400,000","397,651"
22,"KRUNG THAI BANK PCL/CAYMAN ISLANDS 4.4 PERP",1.62,,XS2313655677,"400,000","397,520"
23,"SMC GLOBAL POWER HOLDINGS CORP 5.45 PERP",1.61,,XS2346954873,"400,000","396,463"
24,"SHUI ON DEVELOPMENT HOLDING LTD 5 1/2 06/29/26",1.61,,XS2358225477,"400,000","396,003"
25,"KASIKORNBANK PCL/HONG KONG MTN 4 PERP",1.61,,XS2371174504,"400,000","395,104"
26,"AXIS BANK LTD/GIFT CITY 4.1 PERP",1.60,,USY1009XAA73,"400,000","393,843"
27,"FORTUNE STAR BVI LTD 5.05 01/27/27",1.60,,XS2281321799,"400,000","392,439"
28,"MELCO RESORTS FINANCE LTD 5 3/8 12/04/29",1.59,,USG5975LAE68,"400,000","391,128"
29,"INDIA CLEAN ENERGY HOLDINGS MTN 4 1/2 04/18/27",1.59,,USV4605MAA63,"400,000","389,793"
30,"MEDCO CYPRESS TREE PTE LTD 8 5/8 05/19/30",1.54,,USY56616AA68,"360,000","378,040"
31,"LONGFOR GROUP HOLDINGS LTD 3 3/8 04/13/27",1.53,,XS2098539815,"400,000","374,842"
32,"CENTRAL PLAZA DEVELOPMENT LTD 7.15 03/21/28",1.46,,XS2867168226,"350,000","357,668"
33,"ALIBABA GROUP HOLDING LTD 0 07/09/32",1.23,,XS3086574004,"2,000,000","301,496"
34,"AZURE POWER ENERGY LTD 3.575 08/19/26",1.14,,USV0002UAA52,"286,323","279,881"
35,"WYNMAC 4 1/2 03/07/29",1.07,,US98313RAJ59,"250,000","263,625"
36,"SAMMAAN CAPITAL LTD 8.95 08/28/28",1.06,,XS3036089400,"250,000","260,809"
37,"MUANGTHAI CAPITAL PCL 7.55 07/21/30",1.05,,XS3113144912,"250,000","258,638"
38,"MONGOLIAN MINING CORP 8.44 04/03/30",1.03,,XS3038559129,"250,000","253,679"
39,"PAKISTAN GOVERNMENT INTERNATIONAL BOND MTN 7 3/8 04/08/31",1.00,,XS2322319638,"250,000","246,833"
40,"VEDANTA RESOURCES FINANCE II PLC 9 1/8 10/15/32",0.96,,USG9T27HAN45,"240,000","235,163"
41,"FORTUNE STAR BVI LTD 3.95 10/02/26",0.94,,XS2357132849,"200,000","229,947"
42,"NWD FINANCE BVI LTD 5 1/4 PERP",0.93,,XS2132986741,"500,000","228,105"
43,"ALIBABA GROUP HOLDING LTD 0 09/15/32",0.92,,USG01719AP11,"200,000","225,600"
44,"INDIA CLEANTECH ENERGY 4.7 08/10/26",0.92,,USV4606AAA17,"227,700","225,385"
45,"FORTUNE STAR BVI LTD 6.8 09/09/29",0.89,,XS3175828113,"220,000","218,549"
46,"SAN MIGUEL GLOBAL POWER HOLDINGS CORP 5.7 PERP",0.87,,XS2098881654,"214,000","213,668"
47,"VEDANTA RESOURCES FINANCE II PLC 11 1/4 12/03/31",0.86,,USG9T27HAJ33,"200,000","212,108"
48,"MGM CHINA HOLDINGS LTD 7 1/8 06/26/31",0.86,,USG60744AJ14,"200,000","211,207"
49,"RAKUTEN GROUP INC 8 1/8 PERP",0.85,,USJ64264AM64,"200,000","208,617"
50,"GLP PTE LTD 9 3/4 05/20/28",0.84,,XS3071310059,"200,000","207,488"
51,"STANDARD CHARTERED PLC 7 3/4 PERP",0.84,,USG84228FJ22,"200,000","207,022"
52,"VEDANTA RESOURCES FINANCE II PLC 10 1/4 06/03/28",0.84,,USG9T27HAH76,"200,000","206,664"
53,"GREENTOWN CHINA HOLDINGS LTD 8.45 02/24/28",0.84,,XS2971601336,"200,000","205,951"
54,"GOLOMT BANK 11 05/20/27",0.84,,USY27906AA76,"200,000","205,218"
55,"FWD GROUP HOLDINGS LTD MTN 5.836 09/22/35",0.83,,USG37049AD85,"200,000","204,225"
56,"NICKEL INDUSTRIES LTD 9 09/30/30",0.83,,USQ67949AD17,"200,000","203,856"
57,"DEVT BANK OF MONGOLIA 8 1/2 07/03/28",0.83,,XS3084026817,"200,000","203,747"
58,"BAIDU INC 0 03/12/32",0.82,,XS3015248209,"200,000","202,600"
59,"MUANGTHAI CAPITAL PCL 6 7/8 09/30/28",0.82,,XS2892939575,"200,000","202,548"
60,"MUTHOOT FINANCE LTD MTN 6 3/8 03/02/30",0.82,,US62828M2E07,"200,000","201,554"
61,"WYNN MACAU LTD 6 3/4 02/15/34",0.82,,USG98149AM28,"200,000","200,700"
62,"DIAMOND II LTD 7.95 07/28/26",0.82,,USV28479AA77,"200,000","200,506"
63,"SAMMAAN CAPITAL LTD 7 1/2 10/16/30",0.81,,XS3205989232,"200,000","200,114"
64,"BUKIT MAKMUR MANDIRI UTAMA PT 7 3/4 02/10/26",0.81,,USY71300AB67,"200,000","199,525"
65,"STUDIO CITY FINANCE LTD 6 1/2 01/15/28",0.81,,USG85381AF13,"200,000","199,509"
66,"ISLAMIC REP OF PAKISTAN 6 7/8 12/05/27",0.81,,XS1729875598,"200,000","199,260"
67,"GLP CHINA HOLDINGS LTD MTN 2.95 03/29/26",0.80,,XS2314779427,"200,000","197,329"
68,"TRADE & DEVELOPMENT BANK OF MONGOLIA LLC 8 1/2 12/23/27",0.80,,XS2958621810,"200,000","197,069"
69,"SORIK MARAPI GEOTHERMAL POWER PT 7 3/4 08/05/31",0.80,,USY7150KAA98,"192,060","196,568"
70,"WYNN MACAU LTD 5 1/8 12/15/29",0.80,,USG98149AE02,"200,000","196,100"
71,"MINERAL RESOURCES LTD 7 04/01/31",0.79,,USQ60976AE90,"190,000","194,863"
72,"RENEW WIND ENERGY AP2 / RENEW POWER PVT LTD OTHER 4 1/2 07/14/28",0.79,,USY7280PAA13,"200,000","192,988"
73,"STUDIO CITY FINANCE LTD 5 01/15/29",0.77,,USG85381AG95,"200,000","190,454"
74,"PAKISTAN GOVERNMENT INTERNATIONAL BOND MTN 8 7/8 04/08/51",0.77,,XS2322321964,"200,000","190,028"
75,"STANDARD CHARTERED PLC 4 3/4 PERP",0.76,,USG84228EP90,"200,000","187,356"
76,"FRANSHION BRILLIANT LTD 4 1/4 07/23/29",0.76,,XS2030348903,"200,000","185,762"
77,"LONGFOR GROUP HOLDINGS LTD 4 1/2 01/16/28",0.75,,XS1743535491,"200,000","185,325"
78,"NWD MTN LTD 8 5/8 02/08/28",0.71,,XS2873948702,"200,000","174,434"
79,"NWD MTN LTD 5 7/8 06/16/27",0.71,,XS2488074662,"200,000","173,721"
80,"WANDA PROPERTIES GLOBAL CO LTD 11 01/12/26",0.60,,XS2577258713,"150,000","147,750"
81,"VANKE REAL ESTATE HONG KONG CO LTD MTN 3.975 11/09/27",0.59,,XS1713193586,"200,000","145,760"
82,"NWD MTN LTD MTN 4 1/2 05/19/30",0.59,,XS2175969125,"200,000","144,431"
83,"GLP PTE LTD 4 1/2 PERP",0.56,,XS2340147813,"200,000","137,498"
84,"GLP PTE LTD 4.6 PERP",0.53,,XS2357239057,"200,000","130,775"
85,"NWD FINANCE BVI LTD 4 1/8 PERP",0.41,,XS2348062899,"250,000","101,875"